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Newsletter 59 - 22/01/2016
their total tax and SSC burden to more than 80 percent of their net income. A joint committee... ceiling than the one contained in the government’s initial proposal. At the same time, farmers... deal than the one they have proposed. days. Following a teleconference with the institutions
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Special ELSTAT report reveals dramatic changes in labour market since 1980s
EconomyMacroeconomy. During the current crisis, the jobless rate more than tripled. It peaked at 27.5 percent in 2013 but has decreased by more than 2.5 percentage points (pp) since then, falling to 24.9 percent in 2015... (less than 5 months) exceeded the long-term figure. Long-term to total unemployment started rising
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Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
EconomyMacroeconomyof 1.07 billion in March following a surplus of more than 1 billion recorded in each of the previous two... in March, mostly due to higher direct taxes, which came in 131 million better than target. Overall... of target by 69 million. The better than expected performance of direct taxes is mainly attributed to higher
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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomylower than the target. In addition, gross revenues (revenues before tax refunds) beat the target by 534... lower than the target. The monthly primary balance recorded a surplus of 656 million in April from... million lower than the target. This is fully attributed to indirect taxes, which were 178 million
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Where is Greek growth coming from?
Agorawere moderate, but, gradually, the economy showed progress toward more positive than negative real..., activity at the end of the year will be higher than at the average of the year. This difference... it is less than 75 percent of GDP. This also means that saving in Greece (GDP - C) is much lower
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Greece lags in basic skills for youth but improves in educational attainment
Societyearly than for native-born pupils (24.1 percent against 6.8 percent in 2015), the situation remains... of education, the survey also found, with a great proportion of third-level graduates in jobs than those... in Greece for the medium and higher educated than in the EU on average. While the employment rate
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Communication prices in Greece highest in EU27
Societywere found to be 65.9 percent higher than the EU average. This is an increase since 2018, when the price was 56.2 percent higher. Food prices in Greece were 2.5 percent higher than the EU average and alcoholic beverages and tobacco were 0.6 percent higher than the average. In 2018, food prices were 5
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The allocation of labor resources in Greece and the EU-27
Agorapercent more people than in early 2001, even though real GDP in 2020 was 10 percent smaller than in 2001..., real GDP was 7 percent smaller than in 2001. Alas, after 2014, employment started to grow again.... In relative terms, since 2001 the public sector has become 40 percent bigger than the private sector
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Public sector capital stock in Greece and the Euro-19
Agora, it is thus possible that Greece may need a slightly bigger capital stock relative to GDP than more... less in Greece than in contiguous countries of the euro-19 that do not need to build separate capital..., as GDP declines in Greece more than proportional to the economic cycle for the euro-19 countries
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Where is Odysseus? Part 4 - Unemployment and Employment
Agorathat the future population is still expected to decline, but to be slightly bigger than in the data from 2018... to be bigger than was initially thought in 2018. In blog 18, we calculated the labor force out of the working-age population. Again, we found a larger labor force than was assumed in 2018, in the baseline
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